Archive for the ‘CEO’ Category

Randal Nardone, Fortress Investment Group Randal Nardone and Fortress Investment Group Starts an Open-end Asset Fund

Wednesday, December 12th, 2018

In early September 2018, Premier Gazette reported Fortress Investment Group started an open-end asset fund for intellectual property investments and asset debts. The reason, to meet the current demand for the fund in which the firm’s Principles Randal Nardone, Peter Briger, and Wes Edens estimate to increase by $500 million. Now that SoftBank is owner of the investment management company, the three executives are in control of the day-to-day operations and decisions to continue its growth. Although, they have a controlling interest, the owner of SoftBank, Masayoshi Son expected the fund closing in October of this year. This fund is attracting companies with its benefits compared to pension plans, insurance, and sovereign wealth funds. Visit https://en.wikipedia.org/wiki/Fortress_Investment_Group

Premier Gazette defines an open-end asset fund as a mutual fund that is restriction free on its shares issued for bonds or stocks. Its structure provides investors a way to invest conveniently and to pool their money in diverse portfolios. Most investors prefer the fund because it doesn’t require a large investment amount of cash to enter. Another great benefit is that it helps investors reach their desired goals of growth and income thresholds. Sources are saying Randal Nardone and Fortress Investment Group will close the fund by the end of the year at $5.5 billion.

Open-end asset funds involve risks, such as non-regulation and questionable interest rates. Randal Nardone, Edens, and Briger are extending Fortress Investment Group’s credit opportunities to new buyers, besides their current investors to balance risks. A risk of interest is open-end investments don’t allow trading on an exchange and priced at a day end value because it’s not a liquid.

Since Randal Nardone and the co-founders of Fortress Investment Group established the investment managing firm, they have partnered with other investment firms. With all their partnerships with other companies, they remain in control of management and operations. When Masayoshi Son purchased the firm, its funds, and subsidiaries last year, he agreed to Nardone, Edens, and Briger keeping their management team and running the business as when the company organized 20 years ago.

Read more on bloomberg.com

A Summary of Louis Chenevert’s Career Life

Monday, December 3rd, 2018

It is important that we leave a mark everywhere we go. This is not possible unless we are committed and clear about our goals. Louis Chenevert was able to create his legacy in UTC for the eight years he served as President and Chief Executive Officer. Many questions came from his exit from the firm because he left at a time when UTC was experiencing great success as a result of his input.

However, it was confirmed that they were no disagreements that led to his retiring. He only wanted to have more time to focus on his family and interests. He is currently working as a financial advisor at Goldman Sachs.

Before joining UTC, Louis Chenevert had been in the corporate world for two decades. His experience in the other firms contributed to his intelligence and innovation. Before joining UTC, he was the President of the Pratt & Whitney. Here, he held the president position that he acquired six years after joining the firm. This was not the first place he worked. After successfully graduating with a degree in Production Management at HEC Montreal, he got a job at General Motors. He worked in the firm for over a decade. In General Motors, he learned the basics of running a business. He enjoyed multiple promotions in the company. He was the General Production Manager before he left the firm.

Despite all this success, the most discussed is his reign at the United Technologies Corporation. He improved the share value of the firm with 200%. He also made it the highest profit making in the USA through the acquisitions that he made for the firm, leveraging it.

The former UTC CEO says that one thing that led to his great accomplishments is working with a talented team. He says that you can only perform as great as your team can deliver. He mentions that relentless focus also helped him achieve his goals.

When we dig into our past, we always have one thing we would love to do differently. Louis Chenevert says that he could handle the internal politics cautiously. He says that they are always two groups in every firm, those who are aligned with the agendas and the naysayers. Focusing on the latter blocks one from accomplishing their goals.
https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

Vinod Gupta Has A Strong Focus On Giving Back In The Area Of Education

Monday, November 26th, 2018

 

Vinod Gupta is Everest Group’s Managing General Partner and he has built a successful business career that is worthy of serving as a model for attaining success as an entrepreneur. Originally from a small Indian village that lacked conveniences such as running water and toilets, Vinod has worked hard to raise himself up from these his initial, humble beginnings. During 1967, Vinod Gupta was awarded a degree in the field of agricultural engineering.

 

He then was able to attend the University of Nebraska in the United States and work with Professor Bill Splinter. Soon, Vinod Gupta had earned his MA in the field of Business Administration. This was during the 1971 calendar year. After this, Vinod Gupta took a position with a company called Commodore Corporation. This was a truly formative experience because he gained some very specific knowledge while with the firm. This knowledge has served him well over the course of his career. Visit This Page for more information.

 

The fact is that Vinod Gupta sees this time period as being the start of him building his own American dream. He was able to compile an impressive list of mobile home dealers across the U.S. and this became an invaluable resource to manufacturers. This was truly the beginning of a long and successful business career for Vinod Gupta but the reality is that he is as proud of the fact that the wealth he has built has helped him to help many others that are in need. Education is an area that Gupta is particularly passionate about.

 

One of the biggest educational projects that Vinod Gupta has contributed to is known as the Vinod Gupta School of Management. This institution offers valuable opportunities to students and offers programs such as MBA and PhD degrees in the field of management. It is one of the many ways that Vinod Gupta has been able to give back.

Vinod Gupta is also a huge supporter of Women’s Education and started the Ram Rati Gupta Polytechnic for Women in Rampur Maniharan.

 

Source: https://medium.com/@vinodgupta1/vinod-guptas-my-american-dream-and-how-you-can-dream-too-e631beab057e

 

Penelope Kokkinides and Rick Sinto’s Long Careers in Healthcare Management

Monday, November 26th, 2018

When you think of commitment and longstanding experience in healthcare management, Rick Shinto and Penelope Kokkinides should come to mind. Both individuals have spent about 20 years in this field, and they have a whole lot more experience under their belts.

Where Rick Shinto Has Worked

Rick Shinto has a long career in the health field. He started his work as a pulmonologist and specialist in internal medicine. Later he moved onto the management side of healthcare as the CEO of Medical Pathways Management. He has also served as the CEO of Aveta and at North American Medical Management as the CM officer. He currently serves as InnovaCare Health’s CEO. He also has an impressive educational background. He earned his B.A. at the University of California at Irvin. He then attained his medical degree at the University of New York at Stony Brook. Finally, he earned his M.B.A. at Univerisity of Redlands.

Aside from his long career and list of educational accomplishments, he has also received that Access to Caring award for his advancements in providing quality care to those who can’t afford it. In 2018, he was also on the list for the Top 25 Minorities Executives in Healthcare, which is put out by the magazine, Modern Healthcare.

Where Penelope Kokkinides Has Worked

Currently, Kokkinides is the Chief Administrative Officer at InnovaCare Health. In previous roles, she has served as the Chief Operating Officer for Aveta, Inc and the Chief Operating Officer for Centerlight Healthcare and Touchstone Health. At Aveta, she was also the Vice President for Clinical Operations. She has also been the Vice President for Care and Disease Management at the company, AmeriChoice. And she has expertise in government programs like Medicare and Medicaid, which helps InnovaCare provide further aid to those in need.

InnovaCare, Inc. Company History

InnovaCare Health serves over 200,000 members in places like Puerto Rico and the United States. One of InnovaCare Health’s central tenets is to provide affordable healthcare to those who cannot afford it. The company also makes strides in technology advancements to be able to offer better quality care that meets the individual’s needs.

https://www.crunchbase.com/organization/innovacare-health

Steve Ritchie: People Are Our Top Priority

Friday, November 2nd, 2018

When a company wants to know how to make improvements for its employees and customers, the best thing to do is talk directly to those who will be affected by the changes. At Papa John’s Pizza, that is exactly what CEO Steve Ritchie has been doing this year. Traveling to cities across the United States such as Atlanta, Chicago, Los Angeles, Detroit, Dallas, and many others, he has met not only with Papa John’s franchisees, but also many of its customers. And along the way, he has discovered an attitude within these individuals that is hopeful and positive.

In these face-to-face meetings, Steve Ritchie has been able to hear how franchisees consider those working with them not as employees, but instead family members. Along with this, he has also heard how these individuals make it a priority to get heavily involved with the communities in which they are located. Whether this means working with local charities to raise funds or with local schools to help students get the materials they need for learning success, Steve Ritchie Papa John’s knows those who carry the Papa John’s mantle in communities across the United States are indeed very special people.

Keeping the Papa John’s philosophy of People Are Priority Always, better known as PAPA, Steve Ritchie knows the conversations he engages in with people across the country will be key to learning how the company can improve more and more each and every day. From store managers to delivery drivers and pizza makers, it’s clear to Steve Ritchie it takes a team effort to create a successful product, keep customers happy, and help a company stay ahead of the competition. Here’s the latest news about Sajwani rolling out diversity to Papa John’s.

Moving forward in the months and years to come, Steve Ritchie realizes tremendous amounts of hard work and dedication will be needed by everyone in the company to achieve the results everyone seeks. However, after meeting so many special people along the way during his travels, Steve Ritchie knows Papa John’s Pizza is in excellent hands. With franchisees who have a unique commitment to customer service and helping their communities, the future looks very bright.

Read this: https://www.facebook.com/papajohnsus/photos/an-open-letter-from-steve/10156059623977639/

Shiraz Boghani’s Contribution to the United Kingdom’s Hotel and Health Industries

Saturday, October 20th, 2018

Shiraz Boghani is a prominent entrepreneur who is actively involved in the hotel industry through Splendid Hospitality Hotels Group. The Kenyan born executive has operated the company comprised of 19 hotels in the United Kingdom for the last three decades since he relocated there in 1969. He is a person of deep passion, commitment and portrays professionalism in his day-to-day tasks, which has contributed, to his great success in the most challenging hotel industry. The Award winning entrepreneur recently won the Hotelier of the Year Awards in 2016, hosted by the Asian Business Awards. Boghani’s special leadership skills and endless efforts to succeed in the hotel industry contributed to his recognition by the panelist in the Award ceremony. Read more on

Medium.com

Those who took part in declaring Shiraz Boghani’s victory were Amit Roy, a prominent journalist, Executive editor at AMG, Shailesh R Solanski, and Kalpesh R Solanski, the AMG’s Group Managing Editor. Others in the group were Richmond MP Rishi Sunak and Jitesh Gadhia, an investment banker. The panel consisted of high profile delegation and to emerge the winner was not an easy task. Shiraz Boghani recently launched the £121 million Hilton London Bankside, a 292-bedroom Hotel, Holiday Inn, a 336-bedroom hotel in Wembley, York and The Grand Hotel and Spa. Through the launching of these projects, Shiraz has continued to display his vision to develop the Group in a significant way. Boghani recently acquired New Ellington Hotel in Leed and the Mercure Bristol Brigstow Hotel. Boghani is the Chairperson of Sojourn Hotels where he participated in the founding committee.

Besides the hotel industry, Boghani is involved in the health industry through Sussex Healthcare. He started the homecare company in 1985, and it can accommodate 500 residents in its eighteen branches. The company provides home for the old in need of specialized attention. The facilities are equipped with thoroughly trained personnel consisting of caregivers, nurses, assistants, and doctors to offer therapeutic services like dementia and neurological disorder and other illnesses. Shiraz Boghani is involved in community-based activities and in particular, the Aga Khan Foundation engaged in assisting the poor population in the urban centers. He works together with the Aga Khan University, the National Council, and National Conciliation.

Read more on https://medium.com/@ShirazBoghani/

 

Matthew Fleeger, CEO of Gulf Coast Western, LLC

Thursday, September 27th, 2018

Matthew Fleeger, age 53, is currently the Chief Executive Officer, President and Director of Gulf Coast Western, LLC, located in Dallas, Texas. Fleeger is a well-known professional in the oil and gas industry who has years of experience in finance, marketing and sales. From his time spent in various industries and executive roles, he has gained exceptional experience in mergers and acquisitions, corporate structuring and joint ventures. He also has experience in the waste management and indoor tanning industries. Fleeger attended Southern Methodist University where he graduated in 1985 with a bachelor’s degree in business with a focus on finance and marketing.

After graduating, he served as the President of Gulf Coast Western Inc until 1993. Gulf Coast Western is an oil and gas company that was founded by Fleeger’s father in 1970. Fleeger founded MedSolutions, Inc. in 1993 and served as the Chief Executive Officer and President. MedSolutions, Inc. is a company that specializes in the transportation, disposal and treatment of medical wastes. Fleeger sold MedSolutions for $59 million to Stericycle and returned to Gulf Coast Western in 2007. He has also worked as Director of Palm Beach Tan, Inc. from 1999 to 2000.

Fleeger co-founded Palm Beach Tan which has since grown into one of the largest indoor tanning operators and franchises in the world. Since returning to Gulf Coast Western, Fleeger has focused on acquisitions, partnerships and mergers that have led to the great success of the company. Fleeger’s success has led him to find a place on the prestigious International Who’s Who of Business Professionals list.

Sahm Adrangi Targets Ad Fraud

Monday, July 30th, 2018

Sahm Adrangi made a name for himself as a short selling activist by exposing Chinese companies suspected of fraudulent practices, contributing to a decrease of the market value of those firms by $10 to $20 billion. The success of these short selling campaigns increased the capital under management of Kerrisdale Capital, founded by Adrangi, from $1 million to approximately $180 million. Adrangi has continued to operate primarily as a short selling activist, periodically releasing reports detailing his reasoning as to why a specific company may be overvalued, or how a particular industry may be operating under false pretenses.

At the Kase Learning conference on short selling, Sahm Adrangi discussed new potential targets for such practices: ad exchange intermediaries. As Adrangi explained during his presentation, ad exchange intermediaries occupy the role of matchmaker, satisfying companies’ desires to advertise with websites meeting certain thresholds regarding number of views and clicks. The companies purchasing ad space operate under the assumption that real live humans are behind those clicks and views, but Sahm Adrangi posits that these statistics are subject to inaccuracies, as the interactions on these websites may actually be performed by bots and other computers. Instances in which a bot or other computer is generating view and click figures used to sell ad space are viewed as ad fraud, since the company purchasing the ad isn’t receiving the service it purchased.

 

From Sahm Adrangi’s perspective, ad exchange intermediaries selling ad space at prices based on unreliable readership and engagement data leave themselves exposed to potential adverse stock price reactions as a result of selling misleading ad services. Further investigation into the practices of ad exchange companies may reveal that revenue has been collected on false data, creating a situation in which shareholder value may decrease dramatically. Adrangi’s ability to draw attention to companies operating under deceptive practices has deeply affected industries before, and he seems poised to continue building his legacy as a successful short selling activist.

 

http://www.futuresmag.com/author/sahm-adrangi%E2%80%8B

Robert Ivy’s Greatest Accomplishment Of 2018

Tuesday, July 24th, 2018

Robert Ivy is a respected architect and the Noel Polk Lifetime Achievement Award no doubt significantly raises his status in the architecture fraternity. He received the award on June 2nd with Andrew Young, a stained-glass designer who works at Pearl River Glass Studio. The award is presented to Mississippi creatives with exemplary work and who display enormous support for art.

Robert Ivy is the first from his profession to receive Noel Polk Award from the Mississippi Institute of Arts and Letters (MIAL). He is now in the league of celebrated creatives including acclaimed author Shelby Foote, actor Morgan Freeman and singer Leontyne Price who have won the award in the past.

Carl Elefante who is the president of the American Institute of Architects praised the AIA’s CEO Robert Ivy for his worth accolade. He pointed out that Ivy had done an excellent job of representing their profession all over the world. Elefante was also joined by Nancy LaForge from the MIAL who said in a press release that Ivy was worthy of the honor. The MIAL’s president added that Ivy had made architecture more obtainable to the public through his efforts as an author and international speaker.

Before he started working at AIA as the CEO and EVP, Robert Ivy was the chief editor of the Architectural Record at McGraw Hill. He led the journal to become the most disseminated architectural magazine in the world and to bag several awards including the National Magazine Award for Excellence. He also debuted the memoir’s Mandarin version in China. As the CEO of AIA, Robert Ivy has led the organization to reach its highest membership numbers since its inception. He has also inflated the organization’s influence to global heights. He is also the author of a biography titled Fay Jones.

Throughout his illustrious career, Robert Ivy has received numerous accolades. The Rio Alpha Chi national architecture association recognized him as a Master Architect in 2010. It is a title that is bestowed upon only the best architects such as Buckminster Fuller. In 2017, the Fay Jones School of Architecture at the University of Arkansas also awarded Ivy with a Dean’s Medal.

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Gregory Aziz and his success in National Steel Car

Friday, June 15th, 2018

Gregory Aziz is also known as James Aziz. He seats as the chairman, president and the CEO of National Steel Car. This is the leading railroad freight car manufacturing company globally. It is a subsidiary of National Industries Inc. The company has earned a credible reputation due to its excellence in engineering and manufacturing of quality tank cars and railroad freight. As a result, Greg Aziz is among the most prominent and recognized businessmen in North America. Greg was born in London and studied at Ridley College, he later joined University of Western Ontario where he pursued economics.

 

Gregory James Aziz started his career journey by working at his family business that dealt with the importation of fresh food before joining investment banking where he served in different positions. Due to his hard work in the finance industry, James Aziz managed to organize himself and saved enough money to purchase National Steel Car from Dofasco. He worked hard to achieve his dream of restoring the glory and status of the company as the national leading railroad freight car manufacturer in North America.

 

Gregory Aziz’s dream came true when he increased the production capabilities and was able to produce 12,000 freight cars. Initially, the company built 3,500 cars and hence it was a great achievement by James Gregory. He also created employment by hiring more workers from 600 to 3,000. The company has continued to thrive by producing quality and innovative railroad freight, and as a result, it is now recognized as the leader in innovation.

 

National steel car has maintained an outstanding commitment and integrity to all stakeholder including the suppliers and clients hence performing with a relentless vision of quality and excellence. National steel car is the only railcar manufacturer in North America that is certified by ISO 9001:2015. This is due to Greg’s pursuit of excellence and quality production. The company has therefore been awarded and honored with the annual TTX SECO for over ten years consecutively.

 

James Gregory Aziz and his company continue to challenge themselves and raising the bar for creative, innovative railroad cars. They remain most trusted manufacturers of the highest quality as well as timely delivery.

 

James Aziz is also known to be a kind man and a philanthropist. He remains largely involved in charity endeavors by giving back to the community and supporting various charitable projects. Some of the projects he has continued to support include; Theatre Aquarius, Salvation Army and the most significant agricultural fair in Canada.  Visit This Page for additional information.